Unpopular Opinion

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116

the stock market is a hot mess of nonsense and should not be utilized for retirement funding in absolutely any capacity (moist.catsweat.com)

submitted 3 months ago by originalucifer@moist.catsweat.com to c/unpopularopinion@lemmy.world

35 comments fedilink hide all child comments

it is regulated by many the same groups who utilize the system, and so it is inherently corrupt.

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[–] PhlubbaDubba@lemm.ee 10 points 3 months ago

See you're absolutely right, but simultaneously, there's no other system that allows your savings to potentially beat inflation, and at the same time, it's impossible to completely stop inflation and deflating currency can actually have VERY BAD consequences for small markets not able to operate during spending strikes. Even a federally managed pensioner's fund based on a Norway style sovereign wealth fund will inherently rely on this inherently corrupt system to preserve people's hard work and savings against inflation long term, they're just gonna be kinda smarter about it and able to be fired if they fuck it up or act too obviously corrupt.